It’s the simple things in life that matter most — and this savings account is one of them. Get all the essentials, from competitive interest to direct deposit and no monthly fee.
Key Features
-
Competitive Interest
-
Digital Banking
-
No Minimum Balance
- Simplified savings solution
- Competitive interest on entire balance
- No monthly service fee
- 6 free withdrawals per month1
- Free digital banking services, including:
- Free online banking & bill pay
- Free mobile banking with mobile deposit
- Free eStatements
- Direct deposit available
- $10 minimum deposit to open
There are other account options for securely investing your savings that offer different benefits than a traditional statement savings account. Money Market accounts offer interest rates that increase according to your balance, so the more you save, the more additional money you earn. Meanwhile, you maintain access to funds in a similar manner to a regular savings account.
Certificates of Deposit, or CDs, also offer higher interest rates than a traditional savings account. These accounts have predetermined term lengths during which the balance should not be withdrawn. For this reason, a CD is best for longer-term savings goals rather than a rainy-day fund. However, it can offer a higher guaranteed return than a savings account if the balance is maintained through the entire term.
1Federal regulations limit the number of certain types of transactions from interest bearing accounts. You are limited to six pre-authorized electronically funded transactions, including online transactions, per statement cycle. Each transaction through Carthage Savings online from your Savings or Money Market account is counted as one of those transactions.